BitPay Adds DAI, WBTC as Payment Options
- The addition of DAI and WBTC brings the total number of tokens BitPay supports to 10.
- Expanding its offering is part of BitPay’s larger plan to offer alternatives to traditional payment methods.
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According to a press release published on 7 May, BitPay merchants will now be able to accept the two new cryptocurrencies as payment options without the need for any integration or enhancements. Dai and WBTC joined BitPay’s current list of supported tokens, which includes BTC, BCH, ETH, DOGE, as well as stablecoins USDC, GUSD, PAX, and BUSD.
Sonny Singh, BitPay’s Chief Commercial Officer, said that adding Dai and WBTC to the mix of cryptos BitPay supports offers its users fast, safe and secure alternatives to traditional payment methods. He noted that this was especially important in countries with hyperinflation or unstable currencies, as BitPay aims to use cryptocurrencies to solve real-world payment challenges.
“The trustless, transparent, and secure nature of Dai gives merchants and consumers the freedom to send and receive payments wherever they are,” said Jen Senhaji from the Growth team operating under MakerDAO.
BitPay is one of the largest providers of Bitcoin and cryptocurrency payment services in the world. And while the company has been steadily improving its offering, it ramped up its efforts to make cryptocurrencies accessible to a global audience in 2021. Earlier this year, the company partnered with Simplex to offer zero-fee crypto purchases in Europe and partnered with a luxury hotel group in the U.S. to accept payments in digital assets.
- The proposal to block crypto donations was made back in January, and a recent vote showed that 71% of the community supported the idea.
- As part of the decision, the Wikimedia Foundation revealed it will be closing down its account with BitPay, its crypto payment service partner.
Wikipedia logo is seen on a mobile phone screen. Shutterstock
- The partnership will enable Verifone merchants to securely accept crypto payments.
- The service will roll out to customers in the U.S. later this year.
- UATP is a global payment network owned and operated by the world’s airlines.
- By leveraging BitPay’s infrastructure, UATP will enable its airline clients to accept cryptocurrency payments for travel.